Holden Beach, North Carolina – Net Lease Properties has new information coming from North Carolina, regarding a Triple Net Lease Property. A net leased investment brokerage firm helped procure the sale of a single tenant, net leased property, leased to Walgreen’s. This “NNN” Triple Net Lease Property sold for $4,402,600. The Investment Property is located in Holden Beach.
The Investment Property building size is approximately 14,820 square feet. Also this “NNN” Triple Net Property is leased, 100%, to Walgreen’s for the next 24 years. The Commercial Property is an absolute NNN property with no landlord responsibilities. Currently, Walgreens is an excellent Tenant which has a Standard and Poors credit rating of A. The seller of this absolute NNN Investment Property was a North Carolina developer and the buyer was a Chicago based private investor in a 1033 exchange.
While investing in Commercial Property, the desirability of investment grade rated, single tenant properties are still a highly desired investment. Net Lease Investments are in high demand and are a great source for Investors active with a 1031 exchange and 1033 exchange.
This Net Lease Property has an address of 1138 Sabbath Home Road, Holden Beach, NC 28462. Some map sources show this Net Lease Property address as Supply, North Carolina. This NNN Property is situated on an outparcel of a Food Lion anchored shopping center located in Holden Beach at the intersection of Ocean View Avenue and Sabbath Home Road. This Investment Property has a Lot size of approximately 1.65 Acres.
Holden Beach is a part of a barrier island chain located along the southeastern coast of North Carolina. This is a unique chain of islands that have south facing beaches. Ideally located about 30 minutes north of Myrtle Beach, South Carolina. This Commercial Property is about 30 minutes south of Wilmington, NC. This area is blessed with temperate weather, beautiful rivers, the Intracoastal Waterways, and the Atlantic Ocean.
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